2-4 Philip StreetCheltenham VIC 3192
Property Details for 2-4 Philip St, Cheltenham
Last Listing description (September 2022)
EXPRESSIONS OF INTEREST CLOSING THURSDAY 25TH AUGUST AT 3PM
When talking about the words strategic, potential and upside, this property ticks every box.
Positioned in a tightly held commercial precinct known as the Bayside Business District, this incredible asset benefits from excellent close by arterial infrastructure including direct access to Nepean Highway, Dingley Bypass, M3 and Peninsula Link.
The property is also located within immediate proximity to an abundance of retail amenity including beaches, gyms, cafes, restaurants, retail villages, world class golf courses and public transport.
Given the diminishing supply of industrial property and land in Melbourne's South-East, the opportunity to purchase 2-4 Philip Street, Cheltenham with a short-term lease back and ability to occupy in the not so distant future is extremely rare. This will appeal to both owner occupiers and developers looking to capitalise in arguably Melbourne's most highly desirable industrial and commercial location.
Key features include:
* Total building area: 3,059sqm*
* Total office area: 490sqm*
* Total warehouse area: 2,569sqm*
* Huge land area: 4,752sqm*
* Warehouse height clearance: 9 - 9.5m*
* Huge power: 1600amps per phase
* Cranes included - Ideal for stone masons, manufacturing use
* Commercial 2 zone - Bayside City Council
* Around 15-20 car spaces on site
* Highly desirable owner occupier and development opportunity with short-term holding income
Proximity to:
* Peninsula Link (M11) - 8.5km*
* Nepean Highway - 1.4km*
* Beach Road - 3.5km*
* Melbourne CBD: 18km*
* Mornington Peninsula: 45km*
For further details or to arrange an inspection please contact:
James Glen 0401 493 277
Matt Nichols 0418 186 488
OPEN FOR INSPECTION TIMES:
Friday 22nd July 11am - 12pm
Friday 29th July 11am - 12pm
Thursday 4th August 11am - 12pm
Thursday 11th August 3pm - 4pm
PLEASE NOTE:
* Inspections are carried out in accordance with strict Covid-19 Protocols. For further details contact the Estate Agent.
* All information and measurements are approximates. All images subject to copyright. Unauthorized use is strictly prohibited.
Property History for 2-4 Philip St, Cheltenham, VIC 3192
- 29 Aug 2025Sold for $8,200,000
- 30 Sep 2022Sold for $7,275,000
- 15 Jul 2022Listed for Sale Contact Agent
Recent sales nearby
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0About Cheltenham 3192
The size of Cheltenham is approximately 10.6 square kilometres. There are 26 parks, covering nearly 19.1% of the total area. The population of Cheltenham in 2016 was 22291 people. By 2021 the population was 23992 showing a population growth of 7.6% in the area during that time. The predominant age group in Cheltenham is 30-39 years. Households in Cheltenham are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cheltenham work in a professional occupation.In 2021, 70.00% of the homes in Cheltenham were owner-occupied compared with 71.00% in 2016.
Cheltenham has 15,206 properties. Over the last 5 years, Houses in Cheltenham have seen a 0.77% increase in median value, while Units have seen a 2.26% increase. As at 30 June 2026:
- The median value for Houses in Cheltenham is $1,248,865 while the median value for Units is $703,151.
- Houses have a median rent of $750 while Units have a median rent of $600.
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